Basic loan repayments calculator

By using this home loan calculator you can work out what your minimum weekly, fortnightly or monthly home loan repayments would be for the amount you are planning to borrow.

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Our current interest rates

Lender Product Annual Interest
Rate % p.a.
Comparison
Rate % p.a.
Home Package Plus SP 1 Yr Fixed OO LVR > 80% <= 90% ($150k +) (1 Year Fixed) 3.69% 4.88%
First Home Buyers Special 2 Year Choice Fixed Rate OO P&I (2 Year Fixed) 3.69% 5.38%
Fixed Rate SP OO HL P&I (2 Year Fixed) 3.74% 4.85%
Fixed Rate SP OO HL P&I (1 Year Fixed) 3.74% 4.96%
Home Package Plus Fixed OO LVR <= 80% ($150k +) (3 Year Fixed) 3.79% 4.53%
Lender Product Annual Interest
Rate % p.a.
Comparison
Rate % p.a.
SP Basic Variable OO LVR <= 90% ($500k+) P&I 3.63% 3.65%
SP Variable with Mtg Plus OO LVR <= 90% ($500k+) P&I 3.63% 3.99%
Basic Variable Rate OO LVR <= 70% ($150k +) P&I Only 3.64% 3.66%
Basic Variable Rate OO LVR <= 70% ($150k +) P&I Only 3.69% 3.71%
Offset Package OO LVR <= 70% ($150k +) P&I Only 3.69% 4.12%
Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

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How do various repayments, loan terms and interest rates affect your loan?

If you’re just starting out and want to get an idea of how all of the different home loan conditions contribute to your mortgage, this calculator is perfect for you. You can use the calculator to compare and contrast different repayment frequencies, loan terms and interest rates to see how each has an impact on the total amount to be repaid.

By entering these factors into the 4 different scenarios, you can see how each combination contributes to the repayment amount and the total interest paid (reflected in the bar graphs). The results field will also provide you with information on the most favourable outcome from the data you’ve entered, and let you know the amount of interest you’ve managed to save.

A Mortgage Choice broker will be able to give you a comprehensive rundown on all of these scenarios and match your personal situation to the right loan from hundreds of options. Get in touch today to start your journey to property ownership.

Disclaimer:
The results from these calculators are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Borrowing Power:
The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Loan Repayments:
The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.